Equity Provisions Sample Clauses

Equity Provisions. The University and/or Theatre shall comply with the following procedures for Equity performers:
Sample 1
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Equity Provisions. (a) The Company currently has 10,000,000 units authorized and 5,199,213 issued and outstanding LLC units on a fully diluted basis. Employee will receive 113,000 Company LLC Capital Appreciation Units which will entitle Employee to receive annual distributions of $0.05 per year per Unit when payable pursuant to the terms of the Company's limited liability company agreement and which will entitle Employee to share in the appreciation of the Company upon a sale of the Company, an initial public offering or a similar event above an equity value of $55 million, such $55 million figure referred to as the "Threshold." The Company agrees to negotiate in good faith with Employee regarding the mechanics for realization of value upon a change of control, death, disability or termination without "
Sample 1
Equity Provisions. (a) By reason of its purchase of Purchaser Shares pursuant to the Purchase Agreement, the Purchaser hereby joins in and becomes a party to, and agrees to be bound by and comply with, and shall have all rights and benefits under, the Stockholders Agreement dated as of April 12, 2002 by and among PVC and the holders of the outstanding Shares (the "Stockholders Agreement")
Sample 1
Equity Provisions. (a) The Company currently has 10,000,000 limited liability company ("LLC") units authorized and 5,199,413 issued and outstanding on a fully diluted basis. Employee will receive 452,000 Company LLC Capital Appreciation Units ("Units") which will entitle Employee to receive annual distributions of $0.05 per year per Unit and which will entitle Employee to share in the realized appreciation of the Company upon a sale of the Company, an initial public offering or a similar event as follows:
Sample 1
Equity Provisions. 13. You currently hold 314,497.60 Class A-2 Interests of the Partnership, previously acquired pursuant to that certain Management Unit Subscription Agreement dated as of November 7, 2011 (the “Executive Class A-2 Interests”). You hereby agree to sell to the Partnership and the Partnership hereby agrees to purchase from you, all of the Executive Class A-2 Interests (314,497.60) at a purchase price of $5.00 per Class A-2 Interest, for an aggregate purchase price of $1,572,488.00 (the “Purchase Price”), in full satisfaction of all rights and obligations of the Partnership with respect to such Executive Class A-2 Interests. The Partnership shall deliver to you the Purchase Price, as soon as practicable after the day on which this Release Agreement becomes effective (pursuant to Paragraph 12). The Purchase Price will be payable by wire transfer in immediately available funds to the account designated by you on Annex 1 hereto.
Sample 1
Equity Provisions 
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Related to Equity Provisions

  • Security Provisions Order 1600.72A, Contractor and Industrial Security Program applies to all Contractors, subcontractors, consultants, or any other persons (not visitors) who have access to FAA facilities, sensitive unclassified information, and resources. See Security Guidelines (Attachment J-9) for more details. The Government will update the document periodically to reflect the current FAA security policy. The Government designates all eFAST labor categories as enumerated in Attachment J-3 as low risk for the Risk/Sensitivity Level. Program office CORs will review labor category designations and indicate changes to the contractually designated default Risk/Sensitivity Level Designations as appropriate for their specific contracts or task orders. This would require a submission of a “Contractor Position Risk/Sensitivity Level Designation Record” form (FAA Form 1600-77).

  • Guaranty Provisions Each Borrower acknowledges and agrees that, whether or not specifically indicated as such in a Loan Document, all Obligations shall be joint and several Obligations of each individual Borrower, and in furtherance of such joint and several Obligations, each Borrower hereby irrevocably guarantees the payment of all Obligations of each other Borrower as set forth below.

  • ANNUITY PROVISIONS Choice of Annuity Date — Unless otherwise changed as provided below, the Annuity Date is shown in the Contract Specifications. We assigned the Annuity Date based on the Contract type chosen and the Annuitant’s Age shown in the application for this Contract. If there are Joint Annuitants, the Annuity Date was based on the younger Annuitant’s birthday. The Annuity Date may be changed by providing proper notice to us at least ten (10) Business Days prior to the current Annuity Date or new Annuity Date, whichever is earlier, subject to any applicable state law or the Code. The new Annuity Date may not be earlier than the first Contract Anniversary and must occur on or before the day the Annuitant reaches his or her 95th birthday, or earlier, as required by any applicable state law or the Code. If there are Joint Annuitants, the Annuity Date will be based on the younger Annuitant’s birthday. You may be subject to additional restrictions under your Qualified Plan. You should consult with your Qualified Plan administrator before you elect an Annuity Date.

  • Penalty Provisions Failure to comply with the regulatory requirements is a violation of state law that may result in penalties up to ten thousand nine hundred ten dollars ($10,910.00 USD) for strict liability violations for each day in which the violation occurs. (Cal. Code Regs., tit.17, § 94507 et seq.; Health & Saf. Code §§ 39674, 39675, 42400 et seq., 42402 et seq., and 42410.) CASE BACKGROUND

  • Liability Provisions (a) Notwithstanding any provision of the Main Agreement or this Schedule C, BNYM shall not be liable under this Schedule C under any theory of tort, contract, strict liability or other legal or equitable theory for lost profits, for exemplary, punitive, special, incidental, indirect or consequential damages, or for any other damages which are not direct damages regardless of whether such damages were or should have been foreseeable and regardless of whether any entity has been advised of the possibility of such damages, all and each of which damages is hereby excluded by agreement of the parties.

  • Pay Provisions An employee who serves on a safety and health committee shall receive his regular rate of pay for attending meetings of the Committee held during working hours and for investigations by the Safety Committee.

  • Policy Provisions All insurance maintained by the Grantor pursuant to Section 2.1.1 shall (a) (except for worker's compensation insurance) list the Grantee as an additional insured as its interests may appear, (b) (except for worker's compensation and public liability insurance) provide that the proceeds for any losses shall be adjusted by the Grantor subject to the approval of the Grantee in the event the proceeds shall exceed $1,000,000, and shall be payable to the Grantee, to be held and applied as provided in Section 2.3, (c) include effective waivers by the insurer of all rights of subrogation against any named insured, the indebtedness secured by this Deed and the Property and all claims for insurance premiums against the Grantee, (d) (except for worker's compensation and public liability insurance) provide that any losses shall be payable notwithstanding (i) any act, failure to act or negligence of or violation of warranties, declarations or conditions contained in such policy by any named insured, (ii) the occupation or use of the Property for purposes more hazardous than permitted by the terms thereof, (iii) any foreclosure or other action or proceeding taken by the Grantee pursuant to any provision of this Deed, or (iv) any change in title or ownership of the Property, (e) provide that no cancellation, reduction in amount or material change in coverage thereof or any portion thereof shall be effective until at least thirty (30) days after receipt by the Grantee of written notice thereof, (f) provide that any notice under such policies shall be simultaneously delivered to the Grantee, and (g) be satisfactory in all other reasonable respects to the Grantee. Any insurance maintained pursuant to this Section 2.1 may be evidenced by blanket insurance policies covering the Property and other properties or assets of the Grantor, provided that any such policy shall specify the portion, if less than all, of the total coverage of such policy that is allocated to the Property and shall in all other respects comply with the requirements of this Section 2.1.

  • Hospitality Provisions The Mortgage Loan documents for each Mortgage Loan that is secured by a hospitality property operated pursuant to a franchise agreement includes an executed comfort letter or similar agreement signed by the Mortgagor and franchisor of such property enforceable by the Trust against such franchisor, either directly or as an assignee of the originator. The Mortgage or related security agreement for each Mortgage Loan secured by a hospitality property creates a security interest in the revenues of such property for which a UCC financing statement has been filed in the appropriate filing office.

  • SAFETY PROVISIONS It is the essence of this Order that all Services to be performed by Seller shall be done in a safe and good workmanlike manner, free of any accidents. Accordingly, Seller shall promulgate, maintain, and enforce appropriate safety and health rules and procedures (including training) with respect to its personnel and the Work to be performed hereunder, which rules and procedures at a minimum shall be the equivalent of or exceed applicable Buyer safety and health rules. All Services performed hereunder shall fully comply with all lawful governmental safety and health requirements, including the rules and standards established by the Occupational Safety and Health Act of 1970 ("OSHA"), as amended, and any other applicable federal, state and/or local safety or health laws, rules or regulations. Any equipment provided by Buyer to Seller for the benefit of Seller's employees or those of its subcontractors shall be at the sole risk and liability of Seller to make sure that such equipment is fit for the use intended and is in proper working order. XXXXXX AGREES TO INDEMNIFY (INCLUDING ATTORNEYS' FEES) DEFEND, AND TO SAVE HARMLESS BUYER FROM ANY AND ALL CLAIMS OF SELLER, SELLER’S SUBCONTRACTORS, AND THEIR EMPLOYEES ARISING OUT OF THE USE OF ANY EQUIPMENT FURNISHED BY BUYER OR ADVICE GIVEN BY BUYER RELATING TO SUCH EQUIPMENT, TO THE FULLEST EXTENT ALLOWED BY LAW, IT BEING UNDERSTOOD THAT BUYER SHALL NOT BE LIABLE UNDER LAW, CONTRACT, NEGLIGENCE, STRICT LIABILITY, OR OTHERWISE. Seller shall maintain a drug and alcohol-free workforce at all times while on Xxxxx's premises/location. Upon Xxxxx's request, Seller shall provide Buyer with a copy of all accident reports prepared by or submitted to Seller, including all OSHA illness and injury reports.

  • Governing Provisions This Agreement is made under and subject to the provisions of the Plan, and all of the provisions of the Plan are also provisions of this Agreement. If there is a difference or conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan will govern. By signing this Agreement, the Grantee confirms that he or she has received a copy of the Plan.

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